The New Home Company (NYSE: NWHM) on Monday announced plans for Nova, a neighborhood of 135 three-story townhomes and single-stacked flats within The Resort, an Inland Empire master-planned urban village by Lewis Community Developers taking shape in southeast Rancho Cucamonga.
For NEW HOME, Nova Rancho Cucamonga represents an approach to homeownership which focuses on attainability through a balance of cost, space and connectivity. With construction now underway, the residences, designed by Woodley Architectural Group, will be offered in three floor plans ranging from 879 to 1,222 square feet of living space with two bedrooms and two and one-half baths. Pricing is anticipated to begin in the high $300,000s; Nova will offer the lowest starting price point in The Resort and surrounding area.
“Like California as a whole, the Inland Empire is in need of attainably priced housing, and our team is committed to creating innovative and highly designed solutions to meet the demand,” said Joan Marcus Webb, CMO for NEW HOME. “We believe that first-time buyers, young couples and empty nesters would prefer home ownership with reasonable mortgages. With today’s historic low interest rates, we think Nova will offer a one-of-a-kind opportunity in Rancho Cucamonga.”
NEW HOME plans to open an on-site Sales Pod at Nova this August, with pre-opening sales expected to start in September. A grand opening debut with model homes is currently planned for early 2020.
The Resort is located on the site of a former golf course near a Metrolink station and employment centers. The 160-acre master plan provides a setting for living and playing in an intimate, personal community. High-density homes will be surrounded by unique open spaces with seating for outdoor life, a turf play area for children and a multi-layered connective network that generates a dynamic, people-centric built environment. The Nova neighborhood will also feature a Zen Garden.
